America added far fewer jobs in September than expected, but investors didn’t seem too disappointed. Stocks were flat Friday as Wall Street took to some comfort that the unemployment rate continues to drop after the pandemic-fueled spike last year.The Dow rose about 20 points, or 0.1%, shortly after the opening, …
Read More »U. S. stocks surge as concerns over debt ceiling ease
All 11 major S&P 500 sectors have risen including Dow Jones by 1.49%, S&P by 1.41%, and Nasdaq 1.68%.U.S. stocks climbed on Thursday led by technology stocks, after a temporary bipartisan truce in the debt ceiling deadlock relieving concerns of a possible government debt default.The compromise has contributed an ease …
Read More »Asian stocks fall over oil and inflation concerns
Asian shares tracked a broad selloff on Wall Street to weaken for a third successive session on Tuesday, as investors expressed concerns on oil prices hitting multi year highs which could add to inflationary pressures caused by supply chain disruptions.U.S. and European stock futures edged up, with S&P 500 e-minis …
Read More »Wall Street stocks sharply lower over U.S. Treasury yield gains
The sharp lows on Tuesday of Wall Street stocks is deepening concerns over persistent inflation and price hikes, as debt ceiling negotiations continue in Washington.All three major U.S. stock indexes slid by nearly 2% or even more, with interest rate sensitive tech and tech adjacent stocks while investors lost risk …
Read More »Nasdaq Futures Drop 1.6% as Bond Yields Rise
US stock futures fell 1.6 percent on Tuesday, September 28, as the Nasdaq index futures suffered a sharp decline as rising bond yields pressured technology stocks. Nasdaq100 futures fell 1.6%, S&P500 futures fell 0.8%, while Dow Jones Industrial Average futures lost about 114 points or 0.3%. The 10-year Treasury yield …
Read More »Stocks slip after S&P 500’s best day since July
Stocks declined and gains stopped after equities’ best day since July, with some volatility returning to markets as regulators’ concerns rose in China at least temporarily counterbalance optimism over the U.S. economic recovery.The S&P 500 Index fluctuated between small gains and losses. A day earlier, stocks posted a back-to-back session …
Read More »Wall Street Turns Red after a New Jump in U. S. Jobless Claims
Wall Street fell after disappointing jobs data, ignoring improvement in retail sales, as investors weigh mixed signals in the latest U.S. economic data. The Dow Jones Industrial Average lost 200 points and moved down 0.5%, coinciding with weekly jobless claims that rose and August’s retail sales unexpected jump. The S&P …
Read More »The S&P 500 Reaches a Record High Thanks to The Vaccine And The Stimulus Bets
The S&P 500 Index hit a record high moments after the opening Wednesday, amid demand for stocks sensitive to economic developments such as banks and industrial companies sparked hopes for a vaccine-fueled recovery and more US fiscal stimulus. The S&P 500 opened up 3.73 points, equivalent to 0.10%, to reach …
Read More »S&P 500 Soars to All-time High
The S&P 500 reached a new record high on Monday after Pfizer announced the Corona vaccine, which is more than 90% effective in preventing Covid-19, per Pfizer. At the time of writing, the index increased by 3.75% to 3,640. Meanwhile, the Dow Jones Industrial Average reached an all-time high, up …
Read More »S&P 500 Futures Hit Record High on Pfizer’s Vaccine Hopes
US stock futures jumped sharply in the past hour after the pharmaceutical company Pfizer announced that its coronavirus vaccine, in cooperation with German BioNTech, was more than 90% effective in preventing infection. As an initial market response, S&P 500 futures rose to a new record high at 3648. In addition, …
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